InvestPro_India

Nifty Intraday Trade Setup | 6th December 2021

NSE:NIFTY   Nifty 50 Index
Nifty opened with a minor Gap-up and made high around 17500 in the morning but couldn't sustain at the upper level and we saw selling towards 17200 zones.

Trades we took Today:

> Bought Nifty 17350 CE at 210 which we booked around the cost
> Bought Nifty 17400 PE at 150 which we booked with 15 points loss

Overall, not a Good day for Nifty Option Buyers.

If Nifty sustains below 17180 tomorrow, we can see a follow-up down move.

Expectations for Tomorrow: Volatile Day.

Intraday Levels:
Buy Above - 17250
Sell Below - 17180

To motivate me, Please like the idea If you agree with the analysis.

Happy Trading!
InvestPro India Team
Trade closed: target reached:
Sell Trade Triggered, All Targets Done.

Subscription Plans: investproindia.in/subscription

Whatsapp @8287021744

Telegram Channel - t.me/tradepropublic

Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.